One article regarding a business doing the 'right thing' is "Starbucks ends business with flavor maker after safety issues revealed" (retrieved from : http://www.thestarpress.com/article/20120827/NEWS06/120827006)
The article describes how Starbucks has stopped doing business with Sensient Flavors because there are serious concerns about worker safety. The action taken is the 'right thing', and sends a strong message to the rest of Starbuck's supply chain.
Corporate culture is the total sum of values, customs, traditions, and meanings that give an exclusive identity to a company. For example, Starbucks management and employees know that if there is worker safety violation, the company must cease purchasing from the vendor. The combination of ...
This solution explains Ethical Codes. The sources used are also included in the solution.
Code of Ethics: Compare codes for 3 publicly held companies, are they adequate for SOX?
A Code of Ethics is a very important part of an organization's Social Responsibility. "Since the 2002 Sarbanes-Oxley legislations, any publicly held company is required to create its own code of ethics to deter wrongdoing and to promote ethical behavior".
Search the Internet for the following terms: "Sarbanes Oxley Code of Ethics" to find the SOX definition of a "code of ethics" and the requirements to meet the code.
Search the Internet for three publicly held companies and find their respective "Code of Ethics." Review the three different codes and write a page paper on the following:
1. What was in each respective code?
2. Is the code adequate to what the Sarbanes Oxley Act was requesting? Justify your answer.
3. If each of these publicly held companies were to conduct business globally, what business or cultural challenges would be best handled by the respective codes?
4. Identify what may be missing in the respective codes that would assist the company in conducting business globally.